Housing costs in Alloway?
A typical home costs
$290,000, which is 14.2% less expensive than the national average of
$338,100 and 32.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Alloway costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 20.4% cheaper than the state average of
$1,710.
Can I afford Alloway?
To live comfortably in Alloway (zip 08001), New Jersey, a minimum annual income of
$55,440 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Alloway?
The cost of living in 08001 Alloway, NJ is relatively affordable compared to other parts of the state. According to BestPlaces, the average cost of a one bedroom apartment in Alloway is $673, significantly lower than the US average of $922. The overall cost of living index for Alloway is 83.69, which is lower than both the US average of 100 and New Jersey's average score of 126. Groceries are also quite affordable in the area with an index score of 95.68, slightly below the US average of 96.91. In terms of transportation costs, gasoline prices are slightly higher than the national average but the public transport system is good and widely available within Alloway itself.